During 2012, Ramelius drilled seven of its 12 RC holes into the southwest margin of an aeromagnetic anomaly Ramelius refers to as the Grass Hollow anomaly. This doughnut-shaped anomaly is approximately 1,200 ft (365 m) in diameter and with a central low about 400 x 500 ft (120 x 170 m). Grass Hollow and vicinity are underlain by a succession of Tertiary rhyolitic tuffs, Tertiary conglomerate, and Triassic limestone. Gold mineralization is in the upper 200 ft (60 m) of limestone and is associated with decalcification and pervasive silicification. Anomalous arsenic, antimony, and mercury extend upward into the conglomerate and tuffs. All seven holes penetrated deep enough to intersect the altered limestone and gold mineralization. Furthermore, all seven intersected gold grades above 0.01 oz Au/ton (0.343 g Au/t) and with a maximum five-foot (1.5 m) intercept of 0.413 oz Au/ton (14.150 g Au/t) in drill hole AW12-06. The following table summarizes the four Grass Hollow holes with the longest or strongest gold intercepts.

Hole ID

Interval

(ft)

Length

(ft)

Grade

(oz/ton)

Au

Interval

(m)

Length

(m)

Grade

(g/t)

Au

AW12-05

640-685

45

0.010

195.1-208.8

13.7

0.356

730-795

65

0.030

222.5-242.3

19.8

1.016

contains

745-755

10

0.100

227.1-230.2

3.0

3.44

AW12-06

740-940

200

0.018

225.6-286.5

61.0

0.610

contains

775-780

5

0.413

236.2-237.7

1.5

14.15

AW12-08

815-905

90

0.019

248.4-275.8

27.4

0.652

contains

815-835

20

0.061

248.4-254.5

6.1

2.093

AW12-12

855-875

20

0.112

260.6-266.7

6.1

3.828

contains

865-870

5

0.309

263.7-265.2

1.5

10.6

Original data are in feet and ppm (g Au/t). True thicknesses of the gold intercepts are

estimated to be ~90% of the down-hole intersections.

During 2013 Ramelius plans to further test Grass Hollow with angle RC holes directed at the magnetic anomaly from the west and the east, to test another magnetic low approximately 2,500 ft (760 m) to the east-northeast of Grass Hollow, and to test a north-trending resistivity high about 1,200 ft (365 m) northeast of Grass Hollow.

To date, Ramelius has drill-tested seven target areas with a total of 32 drill holes aggregating 17,996 ft (5,484.6 m).

Due to the encouraging 2012 drill results at Grass Hollow, Ramelius initiated development of a Plan of Operations/Nevada Permit for Reclamation (POO) with the Bureau of Land Management (BLM). When completed in 2014, the Plan will provide for up to 60 acres (24.3 hectares) of land disturbance for drill roads and pads. Ramelius currently operates under a Notice of Intent with the BLM that provides for a maximum of 5 acres (2 hectares) of land disturbance.

On September 17, 2010, the Company signed an exploration and option to enter into a joint venture agreement with Ramelius. Ramelius may earn a 70% interest by expending US$4,000,000 over five years (the "Initial Earn-in"). Ramelius has met the US$2,000,000 expenditure requirement to September 17, 2013 and must spend a further US$1,000,000 by September 17, 2014. Once Ramelius has completed the Initial Earn-In, it shall have the option to exercise the right to earn a vested 70% interest in Angel Wing by either funding 100% of the costs required to complete a bankable feasibility study within four years after completing the Initial Earn-In or by spending an additional US$10,000,000 within 10 years after completing the Initial Earn-In. If Ramelius elects not to exercise that right, but completes the initial earn-in, it shall be entitled to an NSR royalty of 1% to be capped at two times its total expenditures.

All data disclosed in this press release, including sampling, analytical and test data, have been reviewed and verified by Vice President of Exploration Joseph Hebert, C.P.G., B.Sc. Geology and Qualified Person as defined by National Instrument 43-101.

Corporate Profile

Miranda Gold Corp. is a gold exploration company active in Nevada, Alaska and Colombia and whose emphasis is on generating gold exploration projects with world-class discovery potential. Miranda performs its own grass-roots exploration and then employs a joint venture business model on its projects in order to maximize exposure to discovery while minimizing exploration risk. Miranda has ongoing partnerships with Agnico-Eagle (USA) Inc., Montezuma Mines Inc., Prism Resources Inc., Ramelius Resources Ltd., and Red Eagle Mining Corporation.

ON BEHALF OF THE BOARD

"Kenneth Cunningham"

Kenneth CunninghamPresident and CEO

For more information visit the Company's web site at www.mirandagold.com or contact Joe Hebert, Vice President, Exploration at 775-738-1877.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC.

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements.Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices.There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.